News

News

ExxonMobil, Stabroek co-venturers launch US$100 million initiative in Guyana

OilNOW -
ExxonMobil, Hess and CNOOC Limited, co-venturers in offshore oil development in the Stabroek Block, on Tuesday announced the formation of the Greater Guyana Initiative, a 10-year commitment of more than GY$20 billion (US$100 million) to significantly expand capacity building...
News

Guyana Shore Base local workforce at 95%, large tenders to go out soon

OilNOW -
Guyanese now comprise 95 percent of the staff at the Guyana Shore Base Inc. (GYSBI) and companies from the South American country now make up 80 percent of the operation’s supplier base. The company, which operates from Houston, East Bank...
News

Liza Destiny total liquids capacity is over 150,000 bpd

OilNOW -
The total liquids capacity of the Liza Destiny floating production storage and offloading (FPSO) vessel exceeds 150,000 barrels per day (bpd) with gas capacity of 190 standard cubic feet per day, company officials told reporters on Monday. In explaining the...
News

Exxon set to announce major capacity building programme in Guyana

OilNOW -
ExxonMobil will today announce the roll out of a major capacity building initiative in Guyana that is expected to impact economic development in the new oil producing South American country. “Join us as we announce the Greater Guyana Initiative, a...
News

Liza Destiny gas compressor en route to Germany for repairs – ExxonMobil

OilNOW -
The faulty 3rd stage Flash Gas Compressor from the Liza Destiny FPSO operating offshore Guyana is en route to Germany where an assessment of the issue and repairs will get underway soon. President of ExxonMobil Guyana, Alistair Routledge, and...
News

Exxon targeting new Guyana exploration well this month as search for more crude ramps up

OilNOW -
Exploration and appraisal drilling offshore Guyana are moving forward on schedule with a new well expected to be spudded this month on the prolific Stabroek block. After wrapping up the Bulletwood-1 campaign in the Canje block, the Stena Carron...
News

Credit agencies should reward oil majors for natural gas developments

OilNOW -
By Arthur Deakin - OilNOW On January 26, one of the most influential credit rating agencies in the world, Standard & Poor’s (S&P), said it was considering downgrading the rating of 13 major oil and gas producers, including ExxonMobil, Shell...
News

Brent edges past $60 to reach highest point in over a year

OilNOW -
(Reuters) - Oil prices rose on Monday to their highest in just over a year, with Brent futures nudging past $60 a barrel, boosted by supply cuts among key producers and hopes for further U.S. economic stimulus measures to...
News

Bahamas well fails to deliver commercial crude

OilNOW -
The Perseverance #1 well in The Bahamas did not encounter hydrocarbons in commercial quantities, Bahamas Petroleum Company (BPC) announced on Monday. The well reached a depth of approximately 3,900 meters without incident and will now be permanently plugged and...
Exploration

World on track to run out of sufficient oil supplies, Rystad Energy analysis shows

OilNOW -
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despite lower future demand due to the coronavirus pandemic and the accelerating energy transition – unless exploration speeds up significantly and...
1...617618619...1,028Page 618 of 1,028

Latest News

Stories Beyond the BarrelShikema Dey -

The rise of Expro’s first Guyanese Field Service Supervisor, Norman Chapman 

When Norman Chapman joined Expro Guyana in 2018, then known as Frank’s International, he was one of just five...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks